Tax Laws Amendment (Small Business) Act 2007 (80 of 2007)
Schedule 3 STS taxpayers
Part 1 Main amendments
Income Tax Assessment Act 1997
52 Subsection 328-225(3) (paragraph (b) of the definition of asset value )
Omit while you were not an *STS taxpayer, substitute during an income year for which you were not a *small business entity or did not choose to use this Subdivision.